Quantifying the value of a family governance system

Quantifying the value of a family governance system

We were recently invited by a family to make a presentation and submit a proposal to undertake a family governance project. As usual practice, the Family Enterprise Consulting team highlighted the advantages of governance in regards to the family and the business and the impact this would have on their relationships, and collective wealth. Once … Continue reading

Not so ‘black and white’ in the family business

Not so ‘black and white’ in the family business

There’s often a perception that a lack of formal structures or processes in a family business is indicative of a lack of professionalism.  Many advisors are thinking “Can you believe they don’t even …” as they set out an array of services intended to ‘professionalize’ the business. While the business’ affairs may well not have … Continue reading

UAE healthcare industry

UAE healthcare industry

We have witnessed firsthand the tremendous growth and incredible change in the healthcare industry over the years in UAE. In the late 1990s, the only option for quality healthcare was to travel abroad, either east or west. As the country matured, so did the mindset of the people living here, who increasingly started utilizing the … Continue reading

Test. Plan. Train. Repeat.

Test. Plan. Train. Repeat.

  Parodying what some may call the generation ‘Y’ mantra – Eat. Sleep. Tan. Repeat, (or one its innumerable variants) this article examines the rigors Saudi Arabian employers now face when they wish to recruit a foreign national employee from outside of the Kingdom. Test. Plan. Train is tantamount to a 3 stage test that … Continue reading

Adamantine

Adamantine

ad·a·man·tine – Unable to be broken Last night was Father Son movie night in my home. I usually choose a movie I have already seen and that has an interesting life lesson associated with it. I like to discuss the movie after it is over to see what my son has observed about it. The … Continue reading

Impact on the lives of those who matter…

Impact on the lives of those who matter…

We felt thrilled upon learning that we will take part of ‘’Tadarab’’, the Deloitte Middle East internship program. Friends since our early years at university, we were excited to get on this new journey together! Although the main purpose of this internship was fulfilling a university requirement, we were able to gain real exposure to … Continue reading

The rise of the connected consumer

The rise of the connected consumer

Says to the cashier: “Hang on while I check reviews for this product”. Gets phone, checks amazon: 4 out of 5 stars. Good enough. Purchases product with shoppers waiting in line giving not so friendly looks at this unexpected delay. This has basically become me when confronted with any purchase and I’m fairly certain that … Continue reading

Communication, Communication, Communication

Communication, Communication, Communication

At the risk of stating the obvious, effective communication is the life blood of any successful family business. Having worked with many family businesses, we cannot stress enough that good communication is paramount for the success of the business and the wellbeing of the family. The importance of communication is often overlooked due to the … Continue reading

A boundless journey

A boundless journey

“Don’t stand still”[1]. This is what Cathy Engelbert, first female CEO at Deloitte, has uttered during one of her interviews. Needless to say this is exactly how I was during my first day of internship at Deloitte: I was too excited to just stay still. Friday, July 1st , 2016. Beirut, Lebanon. A young lady … Continue reading